Moving to another question will save the repose Question 1 The following information are available for Sarah Lee Company on December 31, 2018 Equity Ordinary Question 1 of ON 2 points w Preference Preference Shares, 6% (7.500 Outstanding Shares, $10 Par) $750,0000 Ordinary Shares (250,000 Outstanding Shares, $5 Par) 1,250,000 500,000 650,000 Share Premium-Ordinary Retained Earings If the net income for the year 2018 is included in the retained earnings and 2 years are dividends in arrears. The preference shares are cumulative and nonparticipating. The book value per share will be: OA $9.00 share OB. $9.60/share. O C. $9.06/share. OD. $7.00/share. Question 1 of Question 6 Alba Company's ledger shows the following balances on December 31, 2019: Share Capital - Preference. 7%, 10 par value, outstanding 100,000 shares Share Capital - Ordinary- 50 par value, outstanding 100.000 shares Retained Earnings 1,000,000 5,000,000 1,100,000 Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the preference shares. Compute how much each class of shares will receive in all of the following plans: 1. If the preference shares are non-cumulative and non-participating. 2. If the preference shares are cumulative and fully participating